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Paramount Melds Two Units

Licensing Operations for Home Entertainment Are Streamlined, Adjusting to the Digital Marketplace

By

Michelle Kung

September 28, 2011

Viacom Inc.'s Paramount Pictures said Tuesday it was restructuring several divisions and combining its home entertainment and licensing operations, a move that reflects the growing importance of digital distribution and international markets.

The studio will create a new division, called Home Media Distribution, to oversee its home entertainment, digital and television licensing activities worldwide. Dennis Maguire, formerly the...